Can you force a co owner to sell a property?

A If you and your co-owners are tenants in common – and so each own a distinct share of the property – then yes you can force a sale. However, to do so you would need to apply to a court for an “order for sale”. For a fee of £3 you can check whether you and your family members own the property as tenants in common by…

How is owner occupied commercial real estate for the entrepreneur?

The owner was flexible because he had held the building unsold for some time. The buyer and seller settled on a set of mutually acceptable terms and signed a contract. M & G soon discovered that they could hold title to the building in a variety of ways, each of which had its own advantages and downfalls in terms of liability and tax treatment.

How are commercial buildings being reshaped in the future?

That commercial buildings can be dramatically reshaped in the coming decades by combining the results of sound, but separate, research in such fields as energy-efficient building shells, equipment, lighting, daylighting, windows, passive and active solar, photovoltaic]

How is the construction of a commercial building?

Today’s commercial buildings employ complex and diverse technologies in their construction, operation, and maintenance. Building materials, components, and subsystems traditionally have been designed and implemented based on standardized criteria that are largely independent of one another.

Can a co-owner force a co owner to sell a property?

Sometimes co-owners of land get into disagreements about how a property should be administered or whether to retain or sell the land. It is not uncommon that one co-owner of a property wishes to sell it and the other co-owner does not. How are such disputes resolved?

What happens when a commercial building is sold?

When a commercial office property is sold, the new owner has an expectation of returns on the property. While the new owner must honor the terms and conditions of an existing lease (in most cases), you may still face increased costs or changes to the building’s aesthetics or function, based on the language in your lease.

What happens in a property co ownership dispute?

Property Co-Ownership Disputes. • If a co-owner has paid to improve the property without the consent of the other owner, the co-owner is not entitled to reimbursement. However, in a partition action, the improving owner will be entitled to any increase in proceeds from sale resulting from the improvements.

Who is responsible for repairs on a commercial property?

Typically, standard commercial leases don’t afford the tenant much protection when a defect in the premises threatens the continuance of business. The landlord will be given the responsibility for fixing any defects in the structure of the building (roof and exterior walls) as well as electricity, water, and any other utilities.